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20130127
20130127
Search Results 0 to 15 of about 16 (some duplicates have been removed)
productive year in congress? >> well, let's be fair, ali. they've just stopped using the debt ceiling as a bargaining tool and decided to put it off for three months and try to negotiate. we can all admit that is a proactive, constructive, positive step in the right direction. you would agree with that. secondly, he did promise to say we will work towards health care entitlement reform in a bipartisan way. you heard it. i heard it. let's see if they can move on it. some folks are shaking their heads, don't believe it, but he said it to you. let's hold him to it. >> we'll see. i asked him why rep rans and democrats didn't go with something like simpson/bowles and it looked like a plan that had ideas from both sides and left everyone a little bit unhappy. here's what he said. >> when the president set up the commission, he specifically told the members of that commission not to deal with health care because obama care had just passed. well, if you're not dealing with health care, you're not dealing with the main drivers of the debt. >> all right. so he's right about entitlements driving
's not about punting right now. this is an extension -- remember the deal before with the debt ceiling, supposed to be the ultimate deal we'd never have to punt again. this leads to another punt, another punt and things are getting better let's not do it now. things are getting worse, let's not do it it now. and it's raining outside, let's not do it. let gerri talk for a minutes. >> according to the democrats, they're standing in the way of this. never seem to get anything done and let's remember there was a quid pro quo here, if we agree about the fiscal cliff we'll start cutting spending and it's not happening and the democrats said we're not going to keep our promises. >> you know we have economic growth, the deficit goes down, it does happen, it does happen. >> to your point. >> that's the problem not-- >> and the problem is not just the deficit, the problem is entitlement spending and the president is not going to do a single darn thing about it. >> and guy, let me go back to ben on this. ben, you've said we're all eventually going to have to amour taxes and people watching the sh
is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many republicans are seeing a willingness, expressing willingness to let set in at the end of march, and that will mean another fight and struggle. all this will unfold in probably six months. i think he is in a good position to fight for the next six months. >> there was an interesting and little noticed thing this week. economic members in britain came out, where they have had a very tough austerity program. now they are possibly entering into a triple dip recession. it is an example, perhaps, of too much austerity. franceay be an example of too much non-austerity. but if we go through sequester, people will see what those cuts mean. i think there would be a rebellion over it. >> you could hardly accuse the united states of indulging too much in austerity. we have added $5 trillion in debt. >> i am not saying that. i am saying that what we have at this moment is a decision of how much to cut and where. the democrats are recalcitrant about entitlements. r
this week that the house voted to extend the debt ceiling for a few months. we still face the sequestration and the continuing resolution. how does this play out? >> forever. >> feels like that. >> forever. they don't agree. so we're seeing an overlay of this, you know, one side the republicans, the other side the democrats. and i must say post-election, president obama has become more aggre aggressive. military spending, they don't agree with what taxation should be, title, on and on and on. gun control, they don't agree. and on the other hand, you know, we have this sort of slow economy that makes it more difficult to cut a deal. and i should add to that, a constitutional crisis in a way because this whole debt ceiling has been a weapon that the house of representatives have used to gain power. it's not just the republicans versus the democrats. it's the house versus the president. i don't know how it the play out. >> meanwhile, the marketses are on fire. the s&p 500 hitting a new five-year high along with the dow jones industrial average. what is driving the stocks and do you think it's
a deal on this. there will be a lot of pressure to do that. republicans agreed to raise the debt ceiling. that took away a little bit of their leverage going into negotiations at the end of february. here comes paul ryan. where has he been? he is making this line in the sand now. i think the white house is concerned because this could hurt the economy going forward if we go through these deep cuts and right now the white house is saying we need to keep the economy moving. we have to keep all eyes on that and continue to have growth and jobs. there is concern for the white house. >> ryan took one of his famous charts on "meet the press." you can tell immediately what he thinks the problem is, more spending cuts are needed. paul ryan says increasing revenue is off the table for now. the gop, the tax hikes during the fiscal cliff stuff. do they do it again? >> he was also asked and side stepped whether or not you could close loopholes. it is another way to get revenue. that is what david gregory asked him. he had a nonresponse response to that. there are other ways to get revenue than acros
's second term. the debt ceiling has been raised, at least temporarily, but there are still big decisions to be made. you specifically said in the last few days that your priority is to make a big down payment on the debt. a debt crisis that you see in this country. >> that's right. >> what do you specifically require? what's the priority? what has the president got to do in your point of view? >> i'll just explain what the speaker said when we passed that bill. our goal is to get cuts and reforms that put us on a path to balancing the budget in a decade. we think the senate ought to offer a budget. they haven't passed a budget in four years, even though we have a law that says we need a budget every year. we haven't seen any solutions offered by the president on how to get the budget balanced, pay down the debt, and no budget in four years. we need to figure out how to grow the economy, how to get opportunity. and if we have a debt crisis like they had in europe, everybody gets hurt. that's what we want to avoid. >> last week, senator schumer said, we'll do a budget. >> great. finally. i
Search Results 0 to 15 of about 16 (some duplicates have been removed)